North Carolina LLC Annual Report
An annual report is the most important LLC annual filing in NC. It is mandatory for every new and existing company to file their annual report. Filing the annual report is governed by the 2020 North Carolina General Statutes, Chapter 57C – North Carolina Limited Liability Company Act. This report is essential as it contains information concerning the overall financial performance of the LLC. Some reports may also comprise facts and figures related to various activities undertaken in the prior fiscal year.
What does it include and how to file it?
The North Carolina annual report is a document that provides the state with recent information concerning an LLC operating within that state. It is mandatory to file this report by both domestic and foreign LLCs. The information within this report may vary from one state to another. Some states require specific and detailed information, while others require generic information associated with the said LLC.
According to North Carolina LLC annual requirements, you may be required to provide the following information pursuant to NC Gen Stat § 57D-2-24 (2020):
- Name of the limited liability company
- Street address
- Mailing address if different from street address
- Telephone number of the principal office
- Name and address of the members or principal company officials
- A brief description of the nature of business of the said LLC
- Registered agent contact information
When you are ready to file the NC LLC annual report, it is recommended to double-check that the information provided in the report is current and accurate.
What is the due date for filing?
The LLC annual filing in NC is an important state requirement that needs to be submitted by a specified date. The report has to be filed each year by April 15th. According to North Carolina LLC annual requirements, the first annual report is normally due in the calendar year following the date of initial registration. You can even file annual reports as early as January 1st. The filing fee for the annual report is $200 if you file by mailing in the form, and $203 for filing online.
For Example: If you formed or registered your limited liability company on August 11, 2022, then you will need to file NC LLC annual report by April 15, 2023.
Do you want to file an Annual Report for your North Carolina LLC?
Penalties if you fail to file
You have to file the NC LLC annual report each year by April 15th. Failure to file in time can have consequences. In most states, a failure to file leads to penalties or additional fees for the late submission. In North Carolina, a late fee or penalty is not applicable. Instead, your company will receive a notice of pending revocation or dissolution, as filing your report is a mandatory North Carolina LLC annual requirement. This notice will also be sent if a filed annual report gets rejected. Once you receive this notice, you will have 60 days to file the LLC annual report. If you fail to file within the 60-day period, then your company will be considered to be in default status and a dissolution will take place.
If you have hired IncParadise as your North Carolina Registered Agent then you can benefit from using our entity management software. This software sends automatic email notifications a month prior to the annual report filing due date. It will allow you to order your report in advance and prevent dissolution.